Doha – Mubasher: Barwa Real Estate’s stock saw a positive performance in Wednesday’s early trades, in line with the annual financial announcement.
The stock rose 7.69% to QAR 38.50 by 12:00am Qatar time, with a turnover of QAR 80.85 million generated from the exchange of 2.12 million shares.
The company generated profits of QAR 93.18 million, against losses of QAR 527.83 million in Q4-15
In 2016, profits fell 47.5% to QAR 1605 million from QAR 3056 million in 2015.
The board recommended 25% cash dividends for 2016, equivalent to QAR 2.5 per share.
